Katherine is facing a difficult decision between how much time she spends as a cheerleader and how much time she spends studying her economics. which economic concept describes the problem she is facing? a) scarcity b) competition c) fiscal policy d) supply and demand

The answer is A) Scarcity

1. international: struggle for hegemony and empire outstrips the fiscal resources of the state

2. political conflict: conflict between the monarchy and the nobility over the “reform” of the tax system led to paralysis and bankruptcy.

3. the enlightenment: impulse for reform intensifies political conflicts; reinforces traditional aristocratic constitutionalism, one variant of which was laid out in montequieu’s spirit of the laws; introduces new notions of good government, the most radical being popular sovereignty, as in rousseau’s social contract [1762]; the attack on the regime and privileged class by the literary underground of “grub street; ” the broadening influence of public opinion.

4. social antagonisms between two rising groups: the aristocracy and the bourgeoisie

5. ineffective ruler: louis xvi

6. economic hardship, especially the agrarian crisis of 1788-89 generates popular discontent and disorders caused by food shortages.

s the president shall be commander in chief of the army and navy of the united states, and of the militia of the several states, when called into the actual service of the united states; he may require the opinion, in writing, of the principal officer in each of the executive departments. sooo yeahhh

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